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XE Market Analysis: Asia - Sep 13, 2013

By: XE Market Analysis

The dollar dipped early in the session as the White House said U.S. President Obama has not made a decision on the Fed Chairman, according to Dow Jones. USD-JPY fell from 99.75 to just under 99.60 and EUR-USD edged back into 1.3300. The Nikkei report that Summers could be named as the next Fed Chairman boosted the dollar in late Asia. Read more

XE Market Analysis: Europe - Sep 13, 2013

By: XE Market Analysis

The dollar recovered some of Thursday's lost ground, though the well defined weekly range remained intact. There was no appetite to force a break of range ahead of next week's FOMC meeting. The situation in Syria is not as clear cut as it was with Syria leader Assad pushing back against the proposed chemical weapons handover. Read more

XE Market Analysis: North America - Sep 13, 2013

By: XE Market Analysis

The dollar recovered some of Thursday's lost ground. Dollar demand accelerated in late Asia as market participants responded to a Nikkei report that suggested Larry Summers will be named as the next Fed Chairman late next week. However, it was a fairly subdued Asia and European session and option expiries attracted for the third consecutive session. Read more

XE Market Analysis: Asia - Sep 12, 2013

By: XE Market Analysis

The dollar was mixed and rangebound in N.Y. trade on Thursday. The greenback got a brief boost from sharply lower jobless claims data, though reporting issues canceled out the veracity of the number. EUR-USD tracked its way over 1.3300 after holding 1.3250, though had difficulty holding the figure. Read more

XE Market Analysis: North America - Sep 12, 2013

By: XE Market Analysis

The dollar edged up in early Europe, but overall it consolidated at easier levels following Tuesday's correction. Setting the tone overnight was an extended USD-JPY move into 99.20 as weak longs bailed following yesterday's failure to sustain 100.00. This kept EUR-USD close to 1.3300, although upside progress was capped by resistance at 1.3330, EUR-JPY supply from a Middle Eastern account and EUR-GBP hedging related to EU subsidies. Read more

XE Market Analysis: Europe - Sep 12, 2013

By: XE Market Analysis

The dollar consolidated losses in Asia, leaving EUR over 1.3300 and Cable above 1.5800. USD-JPY continued to disappoint on the topside and headed through support at 99.50 to trade at 99.40 lows. AUD was the standout mover. It edged out highs just over 0.9350 and then plunged to 0.9250 as Australia August jobs fell 10.8k, which was much weaker than expected and saw the unemployment rate rise a notch to 5.8%. Read more

XE Market Analysis: Asia - Sep 11, 2013

By: XE Market Analysis

The dollar moved lower versus the euro in N.Y. trade on Wednesday, with the bulk of buying coming into the 10:00 EDT option expiry. Maturities at 1.3300 were noted, and attracted good attention. Option related offers revealed themselves after the expiry, though the pairing eventually made its way to highs over 1.3320. Read more

XE Market Analysis: North America - Sep 11, 2013

By: XE Market Analysis

GBP was the main mover in Europe as U.K. employment data came in much stronger than expected. Hedge funds that positioned for the upside from 1.5730 ahead of the release booked profit after it hit 1.5827 highs and it ended the European morning close to 1.5760, leaving it moderately firmer intra-day. Read more

XE Market Analysis: Europe - Sep 11, 2013

By: XE Market Analysis

The G10 FX is consolidating in early Europe, but the risk backdrop is positive. U.S. President Obama has postponed a Congress vote on military action against Syria and will pursue the diplomatic route after Russia proposed a Syrian handover of all chemical weapons. Read more

XE Market Analysis: Asia - Sep 10, 2013

By: XE Market Analysis

The dollar was mostly easier in light N.Y. trade on Tuesday, though the euro was unable to advance to the 1.33 handle. USD-JPY did firm up however, moving over 100.40, and aided by EUR-JPY buying interest. The U.S. calendar was empty, though stocks managed another rally, mostly on the back of hopes for a diplomatic solution in Syria. Read more

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